Pay Invoice Search Home

KEY FACTORS FOR RESCUING A BAD DEBT DEDUCTION

It is very often the case that unpaid debts owed to a business can have a significant impact on cash flow and the ongoing profitability of a business. In a taxation context the characterisation of a particular debt as either 'doubtful' or 'bad' is key as to whether or not the writing off of that debt would be deductible.
           
Click here to download a pdf version of the newsletter to read the full article                                                                                                                       


RENTAL PROPERTY OWNERS LOSE SOME DEDUCTIONS         

Legislation that came into law in the last half of 2017 makes a reality measures first announcement with the 2017 Federal Budget.

The 'housing tax integrity' bill solidifies the government's intention to deny all travel deductions relating to inspecting, maintaining, or collecting rent for a residential investment property. As well, second-hand plant and equipment that came with an investment property are now off the table as far as depreciation goes.
                        
Click here to download a pdf version of the newsletter to read the full article.                                                                                                      

 


           

WHEN REFINANCING, LOAN INTEREST CAN BE DEDUCTIBLE TO A PARTNERSHIP

A general law partnership is formed when two or more people (and up to, but no more than, 20 people) go into business together. Partnerships are generally set up so that all partners are equally responsible for the management of the business, but each also has liability for the debts that business may incur.

                        
Click here to download a pdf version of the newsletter to read the full article.  

 


           

CAN AN SMSF INVEST IN PROPERTY DEVELOPMENT?

The ATO has been sending some mixed messages about property development involving an SMSF, and has indicated that it is one of the issues on its radar for 2018. So is property development an allowable investment for an SMSF? The short answer is yes, but be careful. A longer answer is be very careful - It is very easy to trip up and breach one or other rules. The ATO is keeping an eye on this, and will scrutinise any fund utilising property development.                                                             

         
Click here to download a pdf version of the newsletter to read the full article.            




 

          

FINANCIAL SOLUTIONS

 
Insurance – protect your most valuable asset

How would your family or loved ones cope if you suffered an accident or illness? Would you be able to survive a forced retirement? Nearly a third of Australians over the age of 45 retire early due to ill health.  You have worked hard to support your family and have built up a healthy level of savings. A serious injury or illness could put these life savings and retirement plans in jeopardy.

Australians insure their homes and cars, often with barely a second thought, but only a minority protect themselves and their loved ones should something happen to them. In fact, we're one of the most under-insured countries in the developed world with many families suffering financially if something happened to one of the breadwinners.

Let us help protect you and your loved ones. Contact us today to arrange a complimentary meeting to discuss your personal life insurance needs.

·         How much cover do I need?

·         Should I hold insurance inside or outside of super?

·         Stepped vs level premiums?

·         Any vs own occupation?

·         I'm paying a large premium now, do I need to be?

·         I've got existing cover in my super but don't know if it's appropriate?

·         I'm a SMSF trustee but haven't considered the insurance needs of the members.

Visit our website for more information or contact Erich or En to organise a introductory meeting.